Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Wednesday, June 15, 2011

Reigning The Bank Nifty 15th June, 2010

Daily Chart

 A higher high higher low candle breaking out of the downtrendline from the recent high of 11978. The break was also helped move above the green neckline once again.Volumes were better than the last few days.The death cross of 50 and 200 dema continues.

The break was also from a flag pattern which gives a target of  11466 which will be resistance in the coming days  from the downtrendline from all time highs of 13304. The advance decline was just above one which needs to improve to reach the target of 11466.

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 Happy Trading !!
 Lakshmi Ramachandran

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